kt corp (030200) Related Businessweek News

kt corp (030200) Details

KT Corporation provides telecommunications service in Korea. The company offers mobile voice and data telecommunication services; fixed-line telephone services, including local, domestic long-distance and international long-distance fixed-line and voice over Internet protocol telephone services, and interconnection services to other telecommunications companies; and Internet phone services. It also provides broadband Internet access services and other Internet-related services comprising including Internet protocol television (IPTV) services; data communications services consisting of leased line service and broadband Internet connection service to institutional customers; and credit card processing and other financial services, as well as sells mobile handsets. In addition, the company offers information technology and network services, such as consulting, designing, building and maintaining systems, and communication networks services; satellite TV services; and network services, such as cloud computing services. Further, it is involved in planning and development of commercial and office buildings and condominiums, as well as leasing of buildings; and development of media contents, as well as rents cars and equipment. As of December 31, 2014, it served approximately 17,328,000 mobile subscribers; and approximately 5.9 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.

kt corp (030200) Key Developments

KT Corp. provided earnings guidance for the fiscal 2015. For the year, the company expects dividend to be approximately KRW 500 per share.

KT Corp. Reports Consolidated and Parent Company Earnings Results for the Second Quarter of 2015; Provides Capital Expenditure Guidance for the Second Half of 2015

Jul 31 15

KT Corp. reported consolidated and parent company earnings results for the second quarter of 2015. For the quarter on consolidated basis, the company reported operating revenue of KRW 5,431.3 billion compared to KRW 5,633.6 billion for the same period a year ago. Operating income was KRW 368.8 billion compared to operating loss of KRW 837.9 billion for the same period a year ago. Income before income taxes was KRW 197.7 billion compared to loss before tax of KRW 1,012.5 billion for the same period a year ago. Net income was KRW 321.8 billion compared to net loss of KRW 757.2 billion for the same period a year ago. EBITDA recording KRW 1,205.6 billion.
For the quarter on parent company basis, the company reported operating revenue of KRW 4,197.1 billion compared to KRW 4,442.5 billion for the same period a year ago. Operating loss was KRW 285.2 billion compared to operating income of KRW 956.5 billion for the same period a year ago. Income before income taxes was KRW 533.3 billion compared to loss before tax of KRW 1,126.7 billion for the same period a year ago. Net income was KRW 406.2 billion compared to net loss of KRW 869.7 billion for the same period a year ago. 2015 first half cumulative CapEx stand at KRW 833.5 billion.
The company announced KRW 2.7 trillion guidance planned to be spent as CapEx over the second half of the year 2015.

KT Corporation To Cancel Listing Of DRs On The Main Market Of LSE

Jul 30 15

KT Corporation announced in accordance with Listing Rule 5.2.8.R that it has requested (i) the UK Listing Authority to cancel the listing of the Company's depositary receipts ("DRs") representing its ordinary shares on the Official List and (ii) the London Stock Exchange (LSE) to cancel the DRs' admission to trading on its Main Market. It is anticipated that cancellations of the listing and admission to trading will take effect on September 18, 2015. The DRs will continue to be listed on the New York Stock Exchange. The cancellation of the listing has been requested in light of low trading volumes of the DRs on the Main Market of the LSE.

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